With regional security changing rapidly, Drewry’s Red Sea Diversion Tracker delivers timely intelligence to shippers, carriers, ports and other stakeholders on the evolving structure of carrier networks. This tracker page is updated fortnightly (every other Tuesday). Steady transit traffic via Suez During the week ended 18 Oct, 55 containership transited the Suez Canal (in either ...
Global average crude freight rates have climbed above $20 per barrel from $3 per barrel a year ago, according to Goldman Sachs analysis released Wednesday.
Alliances are drafted for contingencies their signatories hope will remain theoretical. The Makkah Joint Defense Agreement – concluded in August by Saudi Arabia, Turkey and Pakistan – was one such…
Regulatory uncertainty and limited shipbuilding capacity could delay the wider adoption of alternative marine fuels beyond 2030, shipping executives said, while orders for methanol-capable vessels may…